Twitter Gets Serious About Elon Musk Deal

From a story on axios.com headlined “Twitter gets serious about Elon Musk deal”:

Twitter kicked off deal negotiations with Elon Musk on Sunday after he wooed shareholders with details of his $43 billion offer, Reuters reports.

Why it matters: The company’s decision to engage with Musk doesn’t mean it will accept his $54.20 per share bid. But it shows Twitter is now exploring whether a sale to Musk is possible on attractive terms.

Musk, CEO of Tesla and SpaceX, has been meeting with Twitter shareholders in the last few days, to seek support for his bid. He’s telling them Twitter needs to be taken private to grow and become a genuine platform for free speech.